US infrastructure spending may lead to compelling investment opportunities

US infrastructure spending may lead to compelling investment opportunities

There can be no doubt that there is a great need for increased US infrastructure spending: the American Society of Civil Engineers rated US infrastructure as a D+,1 a Federal Highway Administration Survey estimated roughly 20% of roads are in poor condition,2 and over half of schools need repair, renovation, or modernization according to the […]

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Tactical Asset Allocation Views – November Update

Tactical Asset Allocation Views – November Update

In our most recent blog, we described a global macro backdrop characterized by two major forces; slowing global growth and an improving risk appetite driven by global monetary policy easing. We entered the fourth quarter of 2019 with a moderately defensive asset allocation position while waiting for evidence of a more significant upturn in market […]

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With liquefied natural gas, it’s time to bury old myths and embrace the new reality

With liquefied natural gas, it’s time to bury old myths and embrace the new reality

Commodities are rarely associated with explosive consumption growth. While the rise of China challenged this notion, the best days of the super-cycle in materials are clearly behind us. For example, over the past three years the world’s consumption of copper rose just 0.6% per annum, and it is unlikely to expand much beyond this rate. […]

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